Multifamily Income
6-9-1302 Sunset Point Rd, Clearwater, FL 33755
For Sale
$1,870,000
Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Property Size5,567 SF
Price / SF$335.91
Days on Market470
Property Features for 6-9-1302 Sunset Point Rd
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Business Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Tenancy
Listing Agency:
Big Bend Home & Land LLC
Listed By:
Nancy Zubler Turner · License #3440426
(352) 584-2020
Source:
Exprealty
Added: Jul 28, 2025
Changed: Oct 26
Last Checked: Nov 8 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Big Bend Home & Land LLC
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Investment Insights
Based on property information with market context.
This offering includes 9 income-producing residential units located at 1302–1318 Sunset Point Rd. The property is described as consistently occupied, with tenants paying month-to-month. For additional information, the listing agent can provide details on individual units tied to the provided tax ID numbers.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
The assets are identified under multiple tax IDs: 03-29-15-49986-000-0090, 03-29-15-49986-000-0080, 03-29-15-49986-000-0070, and 03-29-15-49986-000-0060. The listing is positioned as part of a desirable area of Clearwater, Florida.
From an ownership perspective, this is a straightforward residential income structure with all units reported as continuously occupied and tenants on month-to-month terms. Buyers interested in acquiring a small multifamily portfolio with existing tenancy can request unit-by-unit information directly from the listing agent.
Key Highlights
- Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.)
- All 9 units are always occupied with tenants paying month‑to‑month
- Tenants remain in place with month‑to‑month arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,708
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,160
$1.4M
Cap Rate 7%
$981,543
$981.5K
Cap Rate 9%
$763,422
$763.4K
Market Conditions
NOI Build-Up for 5,567 SF
Gross rent
$133.6K $24.00/SF
− Vacancy
−$8.7K −$1.56/SF
EGI
$124.9K $22.44/SF
− OpEx
−$56.2K −$10.10/SF
NOI
$68.7K $12.34/SF
Area
Clearwater, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,374,160
Cap Rate 7%
$981,543
Cap Rate 9%
$763,422
Alternative Uses
Best Use
Apartment 5plus
$981.5K
$858.9K – $1.15M
NOI $68,708 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,331 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
9
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Clearwater, FL
Properties on Market for Apartment buildings in Clearwater
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Investment multifamily package with nine always-occupied units and month-to-month tenant arrangements.
Where is this apartment building located?
The property is located at 6-9-1302 Sunset Point Rd Clearwater, FL.
What is the asking price?
The asking price for this property is $1,870,000.
What are key features of this property?
This property features: Investment multifamily package with 9 income‑producing units (1302–1318 Sunset Pt Rd.); All 9 units are always occupied with tenants paying month‑to‑month; Tenants remain in place with month‑to‑month arrangements
